Topic : insurance

Now that the Supreme Court has upheld the majority of the Affordable Care Act, nail salon owners need to know how health reform may impact their business. Are they required to provide health insurance to employees? Will they face penalties if they don’t?

Insure Beauty’s founder Jeff Pulford has been insuring beauty businesses for more than 30 years and understands that the needs of nail techs and salon owners are different from many other types of businesses.

Of the many decisions salon owners are faced with every day, one that is often overlooked or put off is the issue of insurance. Worker’s comp, disability, liability, life, and medical are just the beginning. You name it, it’s out there. So how does a salon remain protected while staying above the bottom line?

No one wants to believe they will fall victim to an accident or illness that prevents them from earning an income for a long period of time, but statistics show it will happen to three in 10 of us. Disability insurance protects your most valuable asset — your ability to earn an income and provide for yourself and your family.

Nobody likes to think of worst-case scenarios — like coming face to face with a lawsuit. But in the real world, things do go wrong, and nail salons are at risk of being named in a customer’s lawsuit. Unless you can afford to lose your salon and all that you’ve worked hard for, you can’t afford to be without professional liability insurance.

As a salon owner, why wouldn’t you protect your business assets — including your employees? While insurance can be a less-than-thrilling topic, getting educated, getting quoted, and getting covered will pay off in the long run. Booth renters, the same holds true for you.